Bespoke Funding Review
Bespoke Funding is a proprietary trading firm established in 2022. It offers a flexible approach to funded trading, accommodating various trading styles and experience levels. Traders can access trading capital ranging from $10,000 to $400,000.
Bespoke Funding Review
Summary
Bespoke Funding has carved out a niche in prop trading with its flexible and trader-friendly approach. The firm offers a range of evaluation programs designed to accommodate different trading styles and experience levels. From the no-minimum-trading-days Traders’ Choice Challenge to the streamlined 1-Phase Challenge, there’s something for everyone.
The range of account sizes, from $10,000 to $400,000, means there’s a suitable entry point for traders at various stages of their journey. Whether you’re just starting out or you’re a seasoned pro looking for a new challenge, Bespoke Funding has you covered.
What really sets Bespoke Funding apart is its commitment to giving traders room to breathe. With unlimited trading days across all challenges, you’re not racing against the clock to prove your worth. This approach allows for a more natural demonstration of trading skills and strategy implementation.
Another standout feature is the firm’s scaling plan. It’s not just about passing a challenge; Bespoke Funding wants to see its traders grow. As you consistently perform well, you can increase your account balance, enjoy faster payouts, and even earn a monthly salary. It’s a clear path to long-term success.
Bespoke Funding doesn’t skimp on the tools either. With access to popular platforms like Match Trader and cTrader, traders have the firepower they need to execute their strategies effectively. The firm’s commitment to trader education is evident in its comprehensive knowledge base, which serves as a valuable resource for continuous learning and improvement.
Let’s examine the specific features and conditions that make Bespoke Funding a compelling choice for aspiring prop traders.
Bespoke Funding Review
Programs
Bespoke Funding offers four distinct evaluation programs, each designed to accommodate different trading styles and preferences. These programs provide traders various paths to secure funding and demonstrate their trading skills.
Traders’ Choice Challenge
The Traders’ Choice Challenge is the most flexible option, starting at $99 for a $10,000 account. This three-step program offers unlimited simulated trading days across all phases with no minimum trading day requirements. It maintains consistent risk parameters with a maximum daily loss of 5% and an overall loss limit of 8%. Profit targets are set at 8% for Step 1 and 5% for Step 2, with no specific target in the funded phase. This challenge is ideal for traders who value flexibility and can maintain disciplined risk management.
Classic Challenge
Starting at $129 for a $10,000 account, the Classic Challenge follows a traditional three-step evaluation process. It offers the same range of account sizes as the Traders’ Choice Challenge: $10,000 to $400,000. This challenge features unlimited simulated trading days with a minimum of 3 trading days required in each phase. The program sets a maximum daily loss of 5% and an overall loss limit of 10%. Profit targets are 8% for Step 1 and 5% for Step 2, with no specific target for the funded phase. This challenge suits traders comfortable with slightly higher risk tolerance and minimum trading day requirements.
12% Challenge
Priced at $109 for a $10,000 account, the 12% Challenge is designed for traders aiming for higher returns with increased risk tolerance. Account sizes range from $10,000 to $400,000, mirroring the other challenges. It maintains a 3-day minimum trading requirement and offers unlimited simulated trading days. The program features a maximum daily loss of 5% and an overall loss limit of 12%. Profit targets are set higher at 9% for Step 1 and 6% for Step 2, catering to confident traders who believe they can generate higher returns while managing increased risk.
1-Phase Challenge
The 1-Phase Challenge, starting at $129 for a $10,000 account, provides a streamlined path to becoming a funded trader. Like the other challenges, it offers account sizes from $10,000 to $200,000. This program features unlimited simulated trading days with no minimum requirement, a slightly lower maximum daily loss of 4%, and an overall loss limit of 6%. Traders must achieve a 10% profit target in the challenge phase to qualify for funding. This program is ideal for experienced traders who can quickly demonstrate their skills and prefer a faster evaluation process.
Bespoke Funding Review
Conditions
Bespoke Funding sets clear guidelines for traders participating in their programs. These conditions are designed to ensure responsible trading while providing flexibility for various trading styles. Let’s explore the key aspects of their trading conditions:
Drawdowns
Bespoke Funding sets clear rules for drawdowns, which are crucial for managing risk. Across their programs, the maximum daily loss is typically set at 5% of the account balance. This means if you’re trading with a $10,000 account, your daily loss shouldn’t exceed $500. The overall maximum loss allowed is usually around 8% to 12%, depending on the specific challenge. These limits help ensure that traders maintain discipline and manage their risk effectively.
Profit Split
Bespoke Funding offers an attractive profit split of up to 87.5% for funded traders. This means that successful traders can keep a significant portion of the profits they generate, providing a strong incentive to perform well. However, traders have the option to increase their profit split even further, up to 95%, by selecting the “95% Profit Split” add-on when ordering their chosen challenge.
Trading Days
One of the appealing aspects of Bespoke Funding’s programs is the flexibility regarding trading days. Most programs offer unlimited simulated trading days, allowing traders to practice and refine their strategies without the pressure of a ticking clock. Additionally, some challenges have no minimum trading day requirements, giving traders the freedom to progress at their own pace.
Trading Strategies
Bespoke Funding allows for a wide range of trading strategies while maintaining certain restrictions to ensure fair and responsible trading. The firm permits the use of Expert Advisors (EAs) but prohibits malicious EAs such as those for High-Frequency Trading (HFT), Grid trading, Martingale strategies, Arbitrage, and Tick scalping. These restrictions apply to both automated and manual trading. Notably, trade copying from the trader’s own accounts is allowed. While the firm encourages diverse trading approaches, it emphasizes responsible risk management and discourages potentially harmful strategies that could lead to excessive losses or market manipulation. This balanced approach aims to foster a trading environment that supports skill-based trading while maintaining market integrity.
Scaling Plan
Bespoke Funding offers an attractive scaling plan designed to reward consistent and profitable traders. The plan consists of four stages: Bronze, Silver, Gold, and Platinum. As traders progress through these stages, they can benefit from increased account balances, reduced payout times, and higher daily loss limits. For example, at the Silver stage, traders can enjoy a 6% daily loss limit, 7-day payouts, and a 20% account increase. The plan also includes a potential monthly salary, with amounts increasing at each stage, up to $1500 at the Platinum level. To be eligible for scaling, traders must demonstrate consistent profitability over several months and achieve multiple payouts. This scaling plan encourages long-term success and provides tangible rewards for traders who can maintain disciplined, profitable trading strategies over time.
Refund Policy
Bespoke Funding provides a refund policy for traders who successfully complete the evaluation phases. This means that if you pass the challenges and become a funded trader, you can receive a refund of your initial evaluation fee. It’s a great incentive for traders to perform well and reach the funded stage.
Bespoke Funding Review
Features
| Maximum capital | $400,000 |
| Profit split | Up to 95% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Bespoke Funding offers a range of features to support traders in their journey from evaluation to funded trading. These features are aimed at enhancing the trading experience and providing the necessary tools for success. Here’s an overview of the main features provided by Bespoke Funding:
Trading Platforms Offered
Bespoke Funding provides access to both Match Trader and cTrader platforms, catering to a variety of trading styles and preferences. Match Trader is renowned for its user-friendly interface, making it ideal for traders who value simplicity and efficiency. It synchronizes information and settings across devices in real time, allowing traders to manage their trades on the go.Â
On the other hand, cTrader is favored for its advanced charting capabilities and support for algorithmic trading, offering a robust environment for more technical traders. By offering these two platforms, Bespoke Funding ensures that traders have access to powerful tools and technologies to execute their trading strategies effectively, regardless of their experience level or preferred approach.
Customer Support
Bespoke Funding places a strong emphasis on customer support to assist traders throughout their journey. The firm provides a responsive support team available to answer questions, resolve issues, and offer guidance. This support is crucial, especially when navigating the challenges of the evaluation process and managing funded accounts. The firm’s commitment to customer service is evident in its quick response to inquiries and dedication to helping traders succeed.
Knowledge Base
The firm offers a comprehensive knowledge base designed to help traders improve their skills and strategies. This resource includes educational materials, tutorials, and insights into successful trading practices. By leveraging the knowledge base, traders can enhance their understanding of the markets and refine their trading techniques to achieve better results. The availability of these resources underscores Bespoke Funding’s commitment to trader education and development.
Singular Dashboard
One of the standout features is the singular dashboard provided by Bespoke Funding. This dashboard allows traders to keep track of their progress, manage their accounts, and access all necessary information in one place. It offers an in-depth analysis of funded accounts and challenges, highlighting trade history, account statistics, and various metrics. This tool simplifies account management and helps traders stay organized, making it easier to monitor performance and make informed decisions.
Community and Networking
Bespoke Funding encourages traders to connect with a vibrant community of fellow traders. This networking opportunity allows traders to share experiences, exchange ideas, and learn from each other. Being part of a supportive community can be invaluable, providing motivation and insights that contribute to a trader’s success. The firm facilitates this through platforms like Discord, where traders can stay updated and engage with a network of peers.
Balance-Based Drawdown
Bespoke Funding uses a balance-based drawdown system, which is particularly advantageous for profitable and swing traders. This approach differs from the typical equity-based drawdown used in the industry, providing a more stable reference for risk management.
Auto-Close Feature Upon Target Achievement
When traders hit their profit targets during evaluation periods, Bespoke Funding’s system automatically closes all open trades. This automatic closure signifies successful qualification for the next phase or a funded account, providing a hassle-free transition.
Instant Challenge Credentials
All funding programs and challenge phases at Bespoke Funding provide instant challenge credentials, enabling immediate participation and progression. This feature eliminates waiting periods and allows traders to start their challenges promptly.
Efficient Payouts and Account Resets
Payouts and account resets are processed within a 24-hour timeframe. This efficiency allows traders to resume trading activities swiftly, often within the same 24-hour period, minimizing downtime.
Bespoke Funding Review
Conclusion
Bespoke Funding presents a solid option for traders looking to leverage prop firm capital with its diverse evaluation programs, flexible trading conditions, and robust support features. The firm stands out with its unlimited trading days, comprehensive knowledge base, and responsive customer support, making it a supportive environment for both new and experienced traders. However, it’s important to keep an eye on the risk management rules, especially the drawdown limits, to ensure you stay within the boundaries and avoid unnecessary setbacks.
Bespoke Funding Review
